People Moves

M&G fixed income manager Mike Riddell is to leave the firm he joined in 2003 in order to pursue another opportunity.

Former Old Mutual bond manager Stewart Cowley has launched a new venture providing investment advice and portfolio management to advisers and fund groups.

Hermes has appointed Patrick Marshall as head of private debt and CLOs, as it looks to develop its offering in the area.

Invesco Perpetual has hired a dealer and two analysts to work alongside heads of fixed interest Paul Causer and Paul Read.

Jane Tufnell, the co-founder of Ruffer Investment Management, has been appointed to the board of specialist fund manager GVQ Investment Management.

Schroders has strengthened its multi-asset team with the hire of Ashley Lester from MSCI as global head of research.

Walker Crips has hired Tony Manning from JM Finn as an investment manager, as it continues the expansion of its investment division.

Wealth management firm Myddleton Croft has promoted former BNY Mellon/Newton retail sales head Julie Jones to managing director, as chief executive David Cowell moves to a chairman role.

AXA Investment Managers has hired two senior members to its EMD team as its head of emerging markets fixed income Damien Buchet departs.

Heartwood Investment Management has hired Marian Black from Baring Asset Management to head up its investment marketing.